v3.26.1
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS - REPUBLIC BANCORP INC. 401(K) RETIREMENT PLAN - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Investment income:    
Net appreciation in fair value of investments $ 16,481,997 $ 17,863,721
Interest and dividends 3,419,464 3,059,771
Total investment income 19,901,461 20,923,492
Interest income on notes receivable from participants: 114,736 88,587
Contributions:    
Employer 3,339,812 3,113,737
Participants 7,290,155 6,918,224
Rollover 817,891 820,556
Total contributions 11,447,858 10,852,517
Total additions 31,464,055 31,864,596
Deductions from net assets attributed to:    
Qualified rollover 9,116,925 7,089,855
Other benefits 6,549,964 2,405,880
Administrative expenses 327,925 327,228
Total deductions 15,994,814 9,822,963
Net increase 15,469,241 22,041,633
Net assets available for benefits, Beginning of year 154,477,526 132,435,893
Net assets available for benefits, End of year $ 169,946,767 $ 154,477,526